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 1 
 on: Yesterday at 11:49 
Started by HFblogNews - Last post by HFblogNews
Date : 20th October 2017.

MACRO EVENTS & NEWS OF 20th October 2017.




FX News Today

European Outlook:  The dollar has rallied across the board, up 0.3% versus the euro and by 0.6% against the yen, following news that the U.S. Senate had passed a budget blueprint that will help push forward the Republican party’s planned $1.5 tln tax cut. The news came after the close of Wall Street, and sparked a rally in U.S. equity index futures while lifting bourses across the Asia-Pacific region. USDJPY rallied to a two-week high of 113.30, gaining over 60 pips from the pre-news levels. EURUSD tumbled to a 1.1804 low from levels just above 1.1850. The relative underperformance of the yen, which is typical during bursts of risk-on sentiment in global markets, saw EURJPY and other yen crosses climb, as the dollar post gains versus the euro and most other currencies. Market participants will monitor the budget’s passage in the House. The budget, if passed, will open the door to expanding the federal deficit by $1.5 tln over 10 years, which will pay for the tax cut. This won’t be pleasing to fiscal conservatives in the House. Rand Paul was the only Republican to vote against in the Senate vote, and while there may be more opposition from House Republicans, the desire for a political has fostered a change in priorities.

U.S. reports: revealed an October Philly Fed surge to a 5-month high of 27.9, and a 22k initial claims plunge to a 44-year low of 222k in the Columbus Day and BLS survey week, with little evidence of distortion from Nate and the California fires. The ISM-adjusted Philly Fed rose to a 6-month high of 59.7 in October from 59.0, and the employment index surged to an all-time high of 30.6 from 6.6. Monday’s Empire State rose to an 8-year high of 30.2 that was also seen in September of 2014. Rebuild activity should support continued sky-high producer sentiment levels into early-2018, and we face substantial upside risk for all the employment, GDP, and factory-sensitive measures into early-2018.
Main Macro Events Today

UK Public Borrowing –   Expectations – at 5.7B from 5.1B last month.

Canadian CPI and Retail Sales – Expectations -0.2% increase in September’s CPI and 0.1% increase in September’s Retail Sales.

US Existing Home Sales – Expectations – Existing Home Sales Change (MoM) to increase by 0.7% up to -1.0% from -1.7% last month.

FOMC –  Fed’s Mester due to speak at 18:00 GMT and Fed’s Yellen at 23:30 GMT



Support and Resistance Levels



Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

 2 
 on: Yesterday at 09:53 
Started by alliot486 - Last post by alliot486
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 3 
 on: Thursday, October 19, 2017 - 14:16 
Started by FxGrow Support - Last post by FxGrow Support
FxGrow Daily Technical Analysis – 19th Oct, 2017
By FxGrow Research & Analysis Team

Gold Recovers Seeing Weakness In U.S Dollar, Eyes on U.S Data


Gold rallied to 1306.10 high on Monday but failed to press forward and started deep retracements as price correction and ended today with at 1276.70 low, currently XAUUSD is trading 1286 after clocking 1288 high.

On technical level, since gold closed above 1296, the trend shifted up and the failure to close below 1280 (Daily) kept the bull forces in action. At the moment we are standing two scenarios that awaits gold.

First scenario is that gold will extend price correction towards 1290+ levels and could end the rally at 1295 forming head and shoulders pattern, then the daily candle will turn bearish and market should prepare for deeper retracement exceeding today's low aimed at 1258+ zone.

The second scenario is that gold will reach the 1290+ area and closes above 1296 which set the precious metal on the track to 1305+ area washing the head and shoulders pattern. In case gold managed to close above 1305-08, then market should expect a search for higher levels aimed at 1315+/-. Both scenarios will be affected by the DXY ( U.S Index ) performance as U.S releases Unemployment claims today at 12:30 PM GMT.

Technical overview XAUSUD:

Current Price: 1286

Closing Price: 1281

Target: 1308 ? ?

Resistance levels: 1286 (10-EMA) , 1290 (20-EMA lined with 50 EMA) , 1295-96

Support levels: 1280.90, 1276, 1270

Trend reversal: 1279

General Overview: The market is showing a near term secondary selloff, calling for a test of the 1279.20* support. Look for follow through selling today. A close under 128020* targets declines back through the 1270's. Any corrections capped by 1291.80* will favors further declines. A close over 1296.80* is needed to flip back to bull trending.

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 4 
 on: Thursday, October 19, 2017 - 13:45 
Started by HFblogNews - Last post by HFblogNews
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 5 
 on: Thursday, October 19, 2017 - 12:00 
Started by FxGrow Support - Last post by FxGrow Support
FxGrow Daily Technical Analysis – 19th Oct, 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 19 Oct 2017

GBP/USD Intraday: turning down.

 
Pivot: 1.3200
 
Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3070 in extension.
 
Alternative scenario: above 1.3200 look for further upside with 1.3225 & 1.3260 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.3260
1.3225
1.3200
1.3155 Last
1.3120
1.3070
1.3025

USD/JPY Intraday: turning down.

 
Pivot: 113.15
 
Our preference: short positions below 113.15 with targets at 112.45 & 112.10 in extension.
 
Alternative scenario: above 113.15 look for further upside with 113.45 & 113.75 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
113.75
113.45
113.15
112.75 Last
112.45
112.10
111.85

EUR/USD Intraday: the bias remains bullish.

 
Pivot: 1.1775
 
Our preference: long positions above 1.1775 with targets at 1.1835 & 1.1860 in extension.
 
Alternative scenario: below 1.1775 look for further downside with 1.1755 & 1.1735 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.1880
1.1860
1.1835
1.1801 Last
1.1775
1.1755
1.1735

AUD/USD Intraday: the upside prevails.

 
Pivot: 0.7830
 
Our preference: long positions above 0.7830 with targets at 0.7875 & 0.7895 in extension.
 
Alternative scenario: below 0.7830 look for further downside with 0.7815 & 0.7800 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
0.7915
0.7895
0.7875
0.7855 Last
0.7830
0.7815
0.7800

 
Crude Oil‏ (WTI)‏ (X7) Intraday: the downside prevails.

 
Pivot: 51.70
 
Our preference: short positions below 51.70 with targets at 50.95 & 50.55 in extension.
 
Alternative scenario: above 51.70 look for further upside with 52.05 & 52.35 as targets.
 
Comment: the RSI has broken down its 30 level.
 
Supports and resistances:
52.35
52.05
51.70
51.33 Last
50.95
50.55
50.15

Gold spot Intraday: rebound expected.

 
Pivot: 1276.50
 
Our preference: long positions above 1276.50 with targets at 1289.00 & 1293.00 in extension.
 
Alternative scenario: below 1276.50 look for further downside with 1273.00 & 1270.00 as targets.
 
Comment: the RSI advocates for further upside.
 
Supports and resistances:
1296.50
1293.00
1289.00
1285.40 Last
1276.50
1273.00 
1270.00

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 6 
 on: Thursday, October 19, 2017 - 11:07 
Started by HFblogNews - Last post by HFblogNews
Date : 19th October 2017.

MACRO EVENTS & NEWS OF 19th October 2017.




FX News Today

European Outlook: Asian markets were mixed. Wall Street closed at record highs but a slight slow down in Chinese GDP growth to 6.8% from 6.9% was enough to knock back Hang Seng and CSI 300. By contrast strong trade data out of Japan helped to underpin the Nikkei. Bank of Korea meanwhile kept policy on hold, but for the first time in a year, there was no dissenter in favour of a rate hike. Oil prices little changed around the USD 52 per barrel mark and U.S. and U.K. stock futures are heading south, with markets correcting slightly after yesterday’s fresh run higher. The GER30 closed at record highs, the UK100 is no far off and with Bund futures lifting off lows in after hour trade yesterday, it may be time for markets to take a breather and some defensive trade today, as the EU’s Brexit summit and Spain’s deadline to Catalonia approach. Data releases today include U.K. retail sales as well as Swiss trade data.

Main Macro Events Today

UK Retail Sales-   Expectations – a 0.1% m/m contraction.

US Unemployment – Expectations -At 240K from 243K last week.

Philly Fed Manufacturing Index – Expectations – to decline to 22.0 after the better than expected 4.9 point jump to 23.8 previously.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click HERE to access the full HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

Click HERE to READ more Market news.


Andria Pichidi
Market Analyst
HotForex


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

 7 
 on: Thursday, October 19, 2017 - 07:55 
Started by Analyst75 - Last post by Waylay Dave
There are many traders who feel boring to sit in front of the computer, so it would be good if we listen to the music and many things to do it.

 8 
 on: Thursday, October 19, 2017 - 07:53 
Started by Analyst75 - Last post by Waylay Dave
Yeah, they are not at all concern about sharing knowledge, they are all here to just share whatever they want.

 9 
 on: Wednesday, October 18, 2017 - 11:20 
Started by FxGrow Support - Last post by FxGrow Support
FxGrow Daily Technical Analysis – 18th Oct, 2017
By FxGrow Research & Analysis Team

Forex Daily Technical Overview 18 Oct 2017

GBP/USD Intraday: under pressure.

 
Pivot: 1.3200
 
Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3090 in extension.
 
Alternative scenario: above 1.3200 look for further upside with 1.3235 & 1.3265 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.3265
1.3235
1.3200
1.3155 Last
1.3120
1.3090
1.3070

USD/JPY Intraday: further advance.

 
Pivot: 112.25
 
Our preference: long positions above 112.25 with targets at 112.80 & 112.95 in extension.
 
Alternative scenario: below 112.25 look for further downside with 112.00 & 111.65 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
113.20
112.95
112.80
112.50 Last
112.25
112.00
111.65

EUR/USD Intraday: key resistance at 1.1780.

 
Pivot: 1.1780
 
Our preference: short positions below 1.1780 with targets at 1.1715 & 1.1690 in extension.
 
Alternative scenario: above 1.1780 look for further upside with 1.1815 & 1.1850 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
1.1850
1.1815
1.1780
1.1750 Last
1.1715
1.1690
1.1670

AUD/USD Intraday: the downside prevails.

 
Pivot: 0.7860
 
Our preference: short positions below 0.7860 with targets at 0.7815 & 0.7800 in extension.
 
Alternative scenario: above 0.7860 look for further upside with 0.7875 & 0.7895 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
0.7895
0.7875
0.7860
0.7836 Last
0.7815
0.7800
0.7770

Gold spot Intraday: the downside prevails.

 
Pivot: 1284.00
 
Our preference: short positions below 1284.00 with targets at 1275.00 & 1272.00 in extension.
 
Alternative scenario: above 1284.00 look for further upside with 1289.00 & 1293.00 as targets.
 
Comment: the break below the support at 1284.00 triggered a downward acceleration to 1272.00.
 
Supports and resistances:
1293.00
1289.00
1284.00
1280.55 Last
1275.00
1272.00
1269.50

Crude Oil‏ (WTI)‏ (X7) Intraday: further upside.

 
Pivot: 51.65
 
Our preference: long positions above 51.65 with targets at 52.40 & 52.65 in extension.
 
Alternative scenario: below 51.65 look for further downside with 51.45 & 51.20 as targets.
 
Comment: the RSI is mixed with a bullish bias.
 
Supports and resistances:
52.85
52.65
52.40
52.14 Last
51.65
51.45
51.20

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 10 
 on: Wednesday, October 18, 2017 - 09:25 
Started by FxGrow Support - Last post by FxGrow Support
FxGrow Daily Technical Analysis – 18th Oct, 2017
By FxGrow Research & Analysis Team

EUR/USD Extends The Bear Forces, Looking For Clues By Draghi


EUR/USD prolonged the selloff sessions this week and yesterday, the pair  dipped to 1.1736 low after clocking 1.1800 high, still testing daily 10-EMA zone with 5-EMA dropping below, indicating for additional bear forces to take control these coming days after making a correction last week.

Today, EUR/USD the pair traded 22-pips price action and managed to record 1.1754 high then retreated 1.1758 low, currently trading 1.1764 intraday.

Fundamentally, the rift between the Catalans and Spain, although has been eased a bit, but the Brexit negotiations with EU and its absence of progress still weighs negatively on both the EUR and the Pound as European Union's chief Brexit negotiator Michel Barnier crossed the wires yesterday, with key quotes:

  • Progress in Brexit talks ‘not there at this point
  • New dynamic since UK pm may’s speech in Florence
  • Important that past issues have been sorted out first
  • No intentions of holding up Brexit process
  • EU stands ready to ‘speed up’ Brexit talks 


Today, all eyes are focused on Draghi due to deliver a speech shortly afterwards without any clues how the ECB Gov. will set the tone. Any hints about QE winding or setting a date for shrinking the EU bond purchasing budget should set the EUR bulls in action.


EUR/USD Technical Overview:

Target price: None

Closing Price: 1.1765

Resistance levels: 1.1784 , 1.1819 , 1.1866

Support levels: 1.1744 , 1.1710-20, 1.1670

Trend : Down / Sideways

Trend reversal price: 1.1900

General Technical Overview: Overall the market is bearish and a close under 1.1741* suggests a selloff under last swing  low. The larger formation cautions declines to 1.1600. Any near term rallies will likely be capped under 1.1840 - 1.1860 and likely stick to sideways congestion. A close over 1.1900* is needed to start a reversing turn back to higher levels.

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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